AlphaPet to expand US PET plant
AlphaPet, a polymers subsidiary of Indorama Ventures, is planning to expand its polyethylene terephthalate (PET) production unit in the US.
Built next to the current 432,000mtpa AlphaPet PET manufacturing unit in Decatur, Alabama, US, the $190m plant is expected to produce 500,000mtpa of PET, which is used in plastic packaging for soft drinks and other beverages.
Feedstock for the PET unit will be supplied through BP's Decatur purified terephthalic acid (PTA) unit, reports Chemical Week.
BP western hemisphere aromatics business president Nigel Dunn said the new PET unit leverages the company's scale, technology and location advantages to create a highly-competitive and integrated para-xylene-PTA-PET manufacturing complex.
"The expansion of this complex will help maintain and enhance BP's position in the Americas and underpins BP's long-term commitment to its merchant customers," Dunn added.
Expansion is scheduled to begin later in 2013 and is likely to be completed by the end of 2015.